The Real Estate News Brief: Rate Cut Hopes Grow, Home Buyers vs Sellers, Top 10%, 5%, 1% Income

In this Real Estate News Brief for the week ending July 6th, 2024... why more economists are seeing a September rate cut, where home buyers are getting the upper hand, and what you have to earn to be in the top 1%.   Hi, I'm Kathy Fettke and this is Real Estate News for Investors. Before I begin, I'd like to invite all of you to my 2024 Mid-Year Economic Update with Marcus & Millichap Economist John Chang on Thursday July 25th.  It's free to attend and will be a lively forward-looking update with time to answer your questions. Simply login to the Investor Portal here to register and we'll send you a confirmation email with your link!   Links:   JOIN RealWealth® FOR FREE 🏡👇 https://realty.realwealth.com/join-now/ ~~~~ EXPAND YOUR REAL ESTATE KNOWLEDGE AND PORTFOLIO Members have exclusive access to👇 👉Vetted property teams 👉Trusted lenders and lawyers 👉Regular property tours 👉Vetted CPAs and legal  👉Asset protection providers 👉And more! ~~~~ FOLLOW OUR PODCASTS🎤️👇 The Real Wealth Show: Real Estate Investing Podcast https://link.chtbl.com/RWS Real Estate News: Real Estate Investing Podcast: https://link.chtbl.com/REN ~~~~ READ BOOKS BY RealWealth FOUNDERS📖👇 The Wise Investor by Rich Fettke: https://tinyurl.com/thewiseinvestorbook Retire Rich with Rentals by Kathy Fettke: https://tinyurl.com/retirerichwithrentals ~~~~ FREE RealWealth EDUCATION & TOOLS👇 RealWealth market reports: https://realwealth.com/learn/best-places-to-buy-rental-property/ RealWealth webinars: https://realwealth.com/thursday-webinars/ RealWealth videos: https://realwealth.com/category/video/ RealWealth Assessment™: https://realwealth.com/assessment/ ~~~~ MORE INFORMATION RealWealth stories: https://realwealth.com/stories/ Become a RealWealth property team: https://realwealth.com/new-team/ Check out our syndications at Grow Developments: https://growdevelopments.com/ ~~~~ FOLLOW US ON INSTAGRAM: Kathy: @kathyfettke or  https://www.instagram.com/kathyfettke/ Rich: @richfettke or  https://www.instagram.com/richfettke/ RealWealth: @realwealth or https://www.instagram.com/realwealth/   References:   1 - https://www.marketwatch.com/story/fed-minutes-show-no-consensus-on-how-many-months-of-good-inflation-data-needed-to-start-cutting-interest-rates-f23de135   2 - https://www.marketwatch.com/story/u-s-economy-and-jobs-market-are-showing-cracks-fed-rate-cuts-are-not-far-off-0519803a#:~:text=And%20consumers%20have%20been%20stymied,track%20to%20be%20similarly%20pedestrian.   3 - https://www.cnbc.com/2024/07/05/jobs-report-june-2024.html   4 - https://www.marketwatch.com/story/jobless-claims-rise-to-238-000-and-stay-near-one-year-high-c287346f?mod=search_headline   5 - https://www.marketwatch.com/story/powell-says-inflation-is-showing-signs-of-resuming-cooling-trend-96cfdf40?mod=economy-politics   6 - https://www.marketwatch.com/story/construction-spending-posts-bigger-than-expected-drop-in-may-e6cc3e66?mod=economic-report   7 - https://www.freddiemac.com/pmms   8 - https://www.cnet.com/personal-finance/mortgages/advice/are-slowing-home-prices-sending-us-into-a-buyers-market/   10 - https://www.cnbc.com/2024/07/02/manhattan-is-buyers-market-as-real-estate-prices-fall-inventory-rises-.html   11 - https://eyeonhousing.org/2024/07/share-of-one-story-new-homes-increased-in-2023/   12 - https://www.aol.com/finance/much-top-1-5-10-133000802.html